{"podcast":{"title":"Bob Murphy Show","slug":"bob-murphy-show-550403","podcast_index_feed_id":550403,"rss_url":"https://feeds.captivate.fm/bobmurphyshow/","website_url":"https://www.bobmurphyshow.com","image_url":"https://artwork.captivate.fm/216a119f-ca56-4ce1-af88-3c6a69bbc10b/bms_square_logo.png","author":"Robert Murphy","episode_count":200,"summary":"The podcast promoting free markets, free minds, and grateful souls.","last_synced_at":"2026-06-13T00:19:13.357631+00:00","page_url":"https://stenobird.com/podcast/bob-murphy-show-550403"},"episode":{"title":"Ep. 510 Brian Albrecht Shows a Flaw in the \"Waterbed\" Critique of Market Power","slug":"ep-510-brian-albrecht-shows-a-flaw-in-the-waterbed-critique-of-market-power","published_at":"2026-06-07T13:00:00+00:00","page_url":"https://stenobird.com/podcast/bob-murphy-show-550403/ep-510-brian-albrecht-shows-a-flaw-in-the-waterbed-critique-of-market-power","show_page_url":"https://stenobird.com/podcast/bob-murphy-show-550403","url":"https://www.bobmurphyshow.com/ep-510-brian-albrecht-shows-a-flaw-in-the-waterbed-critique-of-market-power","audio_url":"https://episodes.captivate.fm/episode/623256fc-34e2-4e28-a96d-ae65fab923eb.mp3","summary":"Economist Brian Albrecht explains his discovery of a surprising--but critical--missing link in a popular argument against market power. Specifically, Brian shows that the standard work in this literature doesn't even allow consumer harm as a possibility of firms merging.","meta_description":"Economist Brian Albrecht explains his discovery of a surprising--but critical--missing link in a popular argument against market power. Specifically, Bria…","key_points":[],"chapters":[],"topics":[],"duration_seconds":3651,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/bob-murphy-show-550403/episodes/ep-510-brian-albrecht-shows-a-flaw-in-the-waterbed-critique-of-market-power/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/bob-murphy-show-550403/ep-510-brian-albrecht-shows-a-flaw-in-the-waterbed-critique-of-market-power.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}